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24.08.2015 15:15:00
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Moody's: New Orleans' credit profile has improved post-Katrina, but fiscal pressures remain
New York, August 24, 2015 -- In the decade since Hurricane Katrina, New Orleans (A3 stable) has improved its fiscal management, rebuilt and bolstered its infrastructure and benefitted from the revitalization of its communities and the tourism industry. At the same time, the city's rising fixed costs, reliance on the volatile oil and gas sector, and vulnerability to flooding remain credit challenges, says Moody's Investors Service.
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